OrBit receives funding from Matrixport and Brevan Howard Digital totaling $4.6 million | Paragon Alpha

OrBit receives funding from Matrixport and Brevan Howard Digital totaling $4.6 million

By Matea Gucec

With participation from Brevan Howard Digital, New Form Capital, Maven 11, and Westridge Markets, OrBit Markets, an institutional liquidity provider in crypto options and structured products, has raised $4.6 million in an angel funding round led by Matrixport, a digital assets financial services ecosystem.

More investors and DeFi users are investigating advanced options methods for investment and yield enhancement as the market for digital assets develops, but few market makers are able to provide liquidity in these sophisticated products. These skills are concentrated in the hands of a small number of international investment banks even in traditional finance. By bringing decades of derivatives experience to the cryptocurrency industry, OrBit seeks to close this gap.

OrBit, a company established this year by a group of former executives from Deutsche Bank's highly regarded currency division, has developed quantitative models and risk engines that enable it to provide liquidity across the entire spectrum of option products, from straightforward vanilla options to the most exotic structures. In response to the growing need for safer investing and hedging solutions in the wake of the recent market upheaval, OrBit has introduced a series of ground-breaking products in collaboration with top CeFi platforms and DeFi protocols.

In addition to helping the company to increase its market reach, the investment will be used to hasten the development of its unique technology.


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